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U.S. Economy contracted by -1.4 % in the first-quarter of 2022

GDP, U.S. Economy

Modified 2022-05-06T04:46:16-04:00
Goran Soko / CSIMarket.com Contributer


The Gross domestic product, the measurement of the nations output declined in the first-quarter of 2022, as government cuts its outlays and foreign demand for American products slows.
In the first-quarter of 2022 U.S. GDP decreased by -1.4 % to $24,383 billions, a decrease by $380 billions from $24,003 in the forth-quarter on the seasonally adjusted basis. The big stories for the first-quarter of 2022 were lower demand from foreign markets and government spending cuts.
The primary question for economists is whether the economy will continue to shrink or turn into recovery mode in the second-quarter.
The newly revised growth numbers reinforce the view that the economy remains in a very fragile state. Salaries and Worker wages grew by 2.02 % quarterly.
Gross National Product rose by 3.6 % in the past 12 months, .


Spending by state and local governments went down -0.80 %. Federal spending dipped -5.90 %, including a -8.50 % drop in the volatile defense spending category. Spending by government at all levels fell by -2.70 %.

This is the third and final revision in the government's estimate of first-quarter of 2022 growth in goods and services. The government provides three estimates of economic growth each reflecting more complete information than the previous one.



In the first-quarter of 2022 real consumer spending was estimated to have increased at a 2.7 % annualized clip, spending bounced back after being a drag on first-quarter of 2022 growth, reported by the Commerce Department.
With estimated annual rate of $16,705 billions, seasonally adjusted in the forth-quarter, consumer spending accounts for 69.6 % of economic activity.

Excluding imports, final sales of goods and services purchased in the U.S. fell -0.6 % through the January-through-March of 2022 period.


More on U.S. Real Gross Domestic Product


Contributions to Percent Change in Real GDP
1.83% 0.43% -0.48% -0.80%
 
 
   Investments
Investments have climbed by 2.30 % to $4,661 billions, despite the decrease in GDP on the seasonally adjusted basis, reported by the Commerce Department.
Business fixed investments increased at a 7.30 %, annual pace, investments in software and equipment rose 15.30 %, that gain in software and equipment spending could signal that businesses are expanding. Business investments contributed 0.43 percentage point to growth.





 

    International Trade    Diversified






Relation of U.S. GDP, U.S. GNP
Corporate Profits by Industry
   







Quarters seasonally adjusted
(At annual rates Q / Q, in %)
I Quarter
2022
final
IV Quarter
2021
rev.
III Quarter
2021
adv.
II Quarter
2021
final
I Quarter
2021
rev.
IV Quarter
2020
adv.
Gross domestic product (GDP)
-1.4 % 6.9 % 2.1 % 6.6 % 6.4 % 4.3 %
  Personal consumption expenditures
2.7 % 2.5 % 1.7 % 11.9 % 11.4 % 2.3 %
    Goods
-2.5 % 0.4 % 2.6 % 13.7 % 15.2 % -1.6 %
    Durable goods
4.1 % 2.5 % -24.4 % 11.3 % 49.2 % -1.1 %
    Nondurable goods
4.3 % 3.3 % 7.6 % 11.3 % 4.2 % 4.3 %
    Services
-0.1 % 1.1 % -8.4 % 12.8 % 26.6 % -1.4 %
             
  Gross private domestic investment
2.3 % 36.7 % 11.6 % -4 % -3.4 % 27.8 %
    Fixed investment
7.3 % 2.7 % -1.1 % 3.4 % 12.1 % 18.6 %
    Nonresidential
9.2 % 2.9 % 1.5 % 9.3 % 11.7 % 13.1 %
    Structures
-0.9 % -8.3 % -5 % -5.4 % -2 % -6.2 %
    Equipment & software
15.3 % 2.8 % -2.4 % 11.6 % 15 % 25.4 %
    Residential
2.1 % 2.2 % -8.3 % -11.5 % 13.1 % 36.6 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
-5.9 % 22.4 % -3 % 6.6 % -2.1 % 22.3 %
      Goods
-9.6 % 23.4 % -5.8 % 6.2 % -1.7 % 31.1 %
      Services
3.8 % 19.9 % 3.7 % 7.5 % -3.1 % 5.2 %
    Imports
17.7 % 17.9 % 5.8 % 6.7 % 9.5 % 29.8 %
      Goods
20.5 % 18.9 % -0.1 % 4.1 % 10.6 % 31 %
      Services
4.1 % 13.1 % 41.5 % 22.4 % 3.7 % 23.8 %
             
Govt. consumption exp. & gross investment
-2.7 % -2.6 % 0.9 % -1.9 % 5.7 % -0.8 %
    Federal
-5.9 % -4.3 % -4.9 % -5.2 % 13.8 % -0.9 %
    National defense
-8.5 % -6 % -1.6 % -0.9 % -3.6 % 4.8 %
    Nondefense
-2.2 % -2 % -9.3 % -10.6 % 45 % -8.9 %
    State & local
-0.8 % -1.6 % 4.7 % 0.3 % 0.8 % -0.8 %
             
Addenda:            
  Final sales of domestic product
-0.6 % 1.5 % - % 7.9 % 9.2 % 2.9 %
  Gross domestic purchases
1.7 % 6.9 % 3.2 % 6.6 % 7.7 % 5.7 %
  Final sales to domestic purchasers
2.6 % 1.7 % 1.1 % 7.9 % 10.5 % 4.4 %
  Gross national product (GNP)
- % 6.9 % 2.3 % 6.6 % 6 % 4.2 %
  Disposable personal income
-2 % -5.6 % -4 % -31 % 62 % -10.1 %
             
Current-dollar measures:            
  GDP
6.5 % 14.5 % 8.1 % 13.2 % 11 % 6.3 %
  Final sales of domestic product
7.3 % 8.7 % 6 % 14.8 % 14.1 % 5.1 %
  Gross domestic purchases
10.6 % 8.8 % 6.8 % 14.4 % 15 % 6.2 %
  Final sales to domestic purchasers
11.5 % 9.6 % 6.8 % 16.7 % 15.6 % 7.1 %
  GNP
- % 14.5 % 8.3 % 13.3 % 10.5 % 6.2 %
  Disposable personal income
4.8 % 0.4 % 1 % -26.5 % 68 % -8.8 %
             








Quarters seasonally adjusted
(Quarterly Y / Y, in %)
I Quarter
2022
final
IV Quarter
2021
rev.
III Quarter
2021
adv.
II Quarter
2021
final
I Quarter
2021
rev.
IV Quarter
2020
adv.
Gross domestic product (GDP)
3.6 % 5.5 % 4.9 % 12.2 % 0.4 % -2.4 %
  Personal consumption expenditures
4.7 % 6.9 % 7 % 16.2 % 1.8 % -2.7 %
    Goods
3.3 % 7.8 % 7.6 % 14.5 % 5.7 % 4.1 %
    Durable goods
-2.6 % 6.7 % 6.3 % 33.7 % 27.5 % 11.6 %
    Nondurable goods
6.8 % 6.7 % 7 % 13.8 % -3.3 % -6.8 %
    Services
1 % 7.4 % 7.1 % 21 % 12.9 % 6.7 %
             
  Gross private domestic investment
10.8 % 9.6 % 6.9 % 20.8 % 4.9 % 3.7 %
    Fixed investment
3.1 % 4.4 % 8 % 15.1 % 5.2 % 2.1 %
    Nonresidential
5.7 % 6.6 % 9 % 13.3 % 2.9 % -1.4 %
    Structures
-4.1 % -2.6 % -2.9 % -6.2 % -16.6 % -16.1 %
    Equipment & software
6.8 % 6.5 % 12.1 % 25.9 % 11.3 % 3.5 %
    Residential
-4 % -1.5 % 5.4 % 21.2 % 12.8 % 14.3 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
4.1 % 4.9 % 5.5 % 18.3 % -9.3 % -10.9 %
      Goods
3 % 5.3 % 5.5 % 27.2 % -3.7 % -3.6 %
      Services
6.6 % 4 % 5.7 % 2.7 % -19.7 % -23.9 %
    Imports
11.7 % 9.6 % 12.9 % 30.5 % 5.3 % -0.6 %
      Goods
10.5 % 8.1 % 10.7 % 32.2 % 10.3 % 5.3 %
      Services
18.4 % 17.9 % 25.2 % 22.2 % -15.9 % -24.1 %
             
Govt. consumption exp. & gross investment
-1.6 % 0.1 % 0.6 % -0.1 % 0.6 % -0.5 %
    Federal
-5.2 % -1.1 % -0.7 % -0.8 % 5.4 % 2.4 %
    National defense
-4.4 % -3.7 % -0.9 % - % 2 % 2.9 %
    Nondefense
-6.2 % 2.8 % -0.5 % -1.9 % 10.4 % 1.7 %
    State & local
0.6 % 0.8 % 1.5 % 0.4 % -2.3 % -2.3 %
             
Addenda:            
  Final sales of domestic product
2.2 % 4.6 % 5.1 % 11.3 % 0.5 % -2.7 %
  Gross domestic purchases
4.7 % 6.2 % 5.9 % 13.8 % 2.1 % -1.2 %
  Final sales to domestic purchasers
2.2 % 4.6 % 5.1 % 11.3 % 0.5 % -2.7 %
  Gross national product (GNP)
- % 5.5 % 4.9 % 12.4 % 0.1 % -2.7 %
  Disposable personal income
-10.9 % -0.2 % -0.9 % -5 % 16.4 % 3.1 %
             
Current-dollar measures:            
  GDP
- % - % - % - % - % - %
  Final sales of domestic product
- % - % - % - % - % - %
  Gross domestic purchases
- % - % - % - % - % - %
  Final sales to domestic purchasers
- % - % - % - % - % - %
  GNP
- % - % - % - % - % - %
  Disposable personal income
- % - % - % - % - % - %
             



U.S. Real Gross Domestic Product and Related Measures

GDP, U.S. Economy in Billions of U.S. dollars




Quarters seasonally adjusted
(At annual rates, in Billions of Dollars)
I Q. 2022

final
IV Q. 2021

rev.
III Q. 2021

adv.
II Q. 2021

final
I Q. 2021

rev.
IV Q. 2020

adv.
Gross domestic product (GDP)
24,382.7 24,002.8 23,187.0 22,731.4 22,061.5 21,494.7
  Personal consumption expenditures
16,705.1 16,314.2 15,952.4 15,675.9 15,070.1 14,537.0
    Goods
5,808.3 5,650.8 5,505.9 5,527.4 5,218.9 4,852.4
     Durable goods
2,113.8 2,059.7 1,995.9 2,090.7 1,940.7 1,748.1
       Motor vehicles & parts
724.9 699.4 668.1 757.5 663.4 587.0
       Furniture & household equipment
488.8 474.4 469.0 473.3 448.3 403.5
       Other
294.7 291.8 283.8 279.6 264.6 235.1
               
     Nondurable goods
3,694.5 3,591.1 3,510.0 3,436.7 3,278.3 3,104.3
       Food off-premises consumption
1,299.1 1,268.8 1,247.0 1,221.9 1,186.4 1,138.7
       Clothing & shoes
487.6 481.4 480.8 477.1 419.1 380.1
       Gasoline, fuel, oil & other energy goods
451.1 415.8 377.1 346.6 303.2 251.0
       Other
1,456.7 1,425.0 1,405.1 1,391.1 1,369.6 1,334.6
               
    Services
10,896.8 10,663.4 10,446.5 10,148.5 9,851.2 9,684.6
      Housing
10,371.9 10,157.9 9,969.2 9,661.6 9,372.7 9,198.6
      Food services
1,136.4 1,107.7 1,082.1 1,029.6 866.5 815.9
      Electricity & gas
2,897.8 2,833.4 2,789.3 2,751.6 2,847.8 2,819.3
      Financial services
1,327.5 1,305.7 1,276.1 1,280.2 1,261.3 1,233.8
      Transportation
490.6 478.6 457.9 409.4 371.9 364.6
      Medical care
2,658.4 2,608.2 2,578.5 2,515.7 2,465.0 2,458.0
      Recreation
567.3 551.9 513.0 490.7 438.4 403.6
      Other
1,293.8 1,272.4 1,272.5 1,184.4 1,122.0 1,103.4
               
  Gross private domestic investment
4,661.3 4,527.2 4,090.7 3,924.2 3,920.0 3,926.3
    Fixed investment
4,454.8 4,277.8 4,155.9 4,100.2 4,012.0 3,866.2
      Nonresidential
3,278.9 3,154.9 3,072.8 3,029.5 2,960.7 2,875.9
      Structures
625.9 601.2 580.3 569.1 551.6 548.8
      Equipment & software
1,377.4 1,307.7 1,277.0 1,268.9 1,315.2 1,266.2
      Information processing equipment & software
522.3 492.1 461.9 461.1 484.7 456.1
      Computers & peripheral equipment
106.4 102.1 94.9 90.2 84.5 83.5
      Software
525.5 518.3 513.5 503.2 457.7 440.6
      Other
643.7 625.6 607.1 598.1 551.7 536.8
      Industrial equipment
335.7 310.1 294.9 284.8 272.1 264.7
      Transportation equipment
201.1 205.8 221.6 230.5 277.2 268.4
      Other equipment
318.3 299.6 298.5 292.6 281.3 277.0
      Residential
1,175.9 1,122.9 1,083.1 1,070.8 1,051.3 990.3
               
    Change in private inventories
206.5 249.3 -65.3 -176.1 -92.0 60.1
      Farm
-11.3 -8.5 -7.5 -3.0 3.6 5.3
      Nonfarm
217.8 257.9 -57.7 -173.1 -95.6 54.8
               
 Net exports of goods & services
-1,178.2 -971.4 -939.7 -884.7 -875.3 -803.7
    Exports
2,723.1 2,654.5 2,500.5 2,455.6 2,300.9 2,210.1
      Goods
1,927.1 1,877.0 1,749.1 1,726.0 1,616.9 1,530.6
      Services
795.9 777.4 751.4 729.7 684.0 679.5
               
    Imports
3,901.2 3,625.9 3,440.2 3,340.3 3,176.2 3,013.8
      Goods
3,290.7 3,027.1 2,859.0 2,818.0 2,707.9 2,553.4
      Services
610.6 598.8 581.2 522.3 468.3 460.4
               
 Govt. consumption exp. & investment
4,194.4 4,132.9 4,083.7 4,016.0 3,946.7 3,835.2
    Federal
1,568.9 1,566.2 1,562.0 1,563.3 1,557.1 1,493.4
      National defense
905.9 909.0 910.9 904.1 905.9 904.4
        Consumption expenditures
707.7 707.6 710.3 710.0 712.8 712.0
        Gross investment
198.2 201.5 200.6 194.1 193.0 192.4
      Nondefense
663.0 657.1 651.1 659.2 651.2 588.9
        Consumption expenditures
489.6 488.1 486.0 497.9 493.5 430.9
        Gross investment
173.4 169.1 165.0 161.2 157.8 158.1
    State and local
487.6 481.4 2,521.7 477.1 2,389.6 2,341.7
      Consumption expenditures
2,176.1 2,119.3 2,079.7 2,015.3 1,935.6 1,883.6
      Gross investment
449.4 447.4 442.0 437.4 454.0 458.1
               
Addenda:            
Final sales of domestic product
24,176.2 23,753.5 23,252.3 22,907.4 22,153.5 21,434.7
Gross domestic purchases
25,560.8 24,974.2 24,126.7 23,616.0 22,936.8 22,298.5
Final sales to domestic purchasers
25,354.3 24,724.9 24,192.0 23,792.1 23,028.8 22,238.4
Gross national product
- 24,279.7 23,435.3 22,976.8 22,255.7 21,704.6
Net domestic product
20,246.0 19,991.0 19,291.8 18,944.8 18,383.3 17,874.0



Annual U.S. Real Gross Domestic Product and Related Measures




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Quarters seasonally adjusted
(At annual rates Q / Q, in %)
2021

2020

2019

2018

2017

2016

Gross domestic product (GDP)
5.7 % -3.4 % 2.2 % 2.9 % 2.2 % 1.5 %
  Personal consumption expenditures
7.9 % -3.8 % 2.4 % 2.6 % 2.5 % 2.7 %
    Goods
9.1 % 3.1 % 3.1 % 2.8 % 2.1 % 2.8 %
    Durable goods
12.2 % 4.6 % 3.7 % 3.7 % 3.7 % 3.7 %
    Nondurable goods
5.8 % -7.5 % 1.8 % 2.1 % 2 % 2.3 %
    Services
9.8 % -5.5 % 1.7 % 5.9 % 4.8 % -1.6 %
             
  Gross private domestic investment
18.1 % 7.7 % 4.8 % 5.5 % 6.8 % 5.5 %
    Fixed investment
7.4 % -5.3 % 2.9 % 6.9 % 5.3 % -0.6 %
    Nonresidential
-8 % -12.5 % -0.6 % 5 % 4.6 % -4.1 %
    Structures
13.1 % -8.3 % 2.1 % 7.4 % 6.1 % -3.4 %
    Equipment & software
10 % 2.8 % 6.4 % 7.5 % 4.6 % 6.3 %
    Residential
9.2 % 6.8 % -1.7 % -0.3 % 3.3 % 5.5 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
4.5 % -13.6 % -0.1 % 4 % 3 % -0.3 %
      Goods
7.6 % -10.2 % -0.1 % 4.7 % 3.3 % 0.3 %
      Services
-1.5 % -19.8 % -0.1 % 2.6 % 2.5 % -1.5 %
    Imports
14 % -8.9 % 1.1 % 4.5 % 4.6 % 1.3 %
      Goods
14.6 % -5.6 % 0.5 % 4.8 % 4.6 % 0.9 %
      Services
11.5 % -22.6 % 3.7 % 3.3 % 4.4 % 3.1 %
             
Govt. consumption exp. & gross investment
0.5 % 2.5 % 2.3 % 1.5 % -0.1 % 0.8 %
    Federal
0.6 % 5 % 4 % 2.6 % 0.7 % - %
    National defense
-0.9 % 2.9 % 5.6 % 3.4 % 0.7 % -0.7 %
    Nondefense
2.8 % 8.1 % 1.8 % 1.5 % 0.8 % 1.2 %
    State & local
0.4 % 0.9 % 1.3 % 0.8 % -0.5 % 1.2 %
             
Addenda:            
  Final sales of domestic product
5.3 % -2.9 % 2.2 % 2.7 % 2.2 % 1.9 %
  Gross domestic purchases
6.9 % -3 % 2.3 % 3 % 2.5 % 1.7 %
  Final sales to domestic purchasers
6.5 % -2.5 % 2.3 % 2.9 % 2.5 % 2.1 %
  Gross national product (GNP)
5.7 % -3.6 % 2 % 2.9 % 2.3 % 1.4 %
  Disposable personal income
2.1 % 6.2 % 2.2 % 2.9 % 2.6 % 1.4 %
             
Current-dollar measures:            
  GDP
10.1 % -2.2 % 4 % 5.2 % 4.2 % 2.8 %
  Final sales of domestic product
9.8 % -1.6 % 4 % 5 % 4.2 % 2.1 %
  Gross domestic purchases
11 % -1.9 % 3.9 % 5.3 % 4.2 % 2.5 %
  Final sales to domestic purchasers
10.8 % -1.3 % 3.9 % 5.1 % 4.8 % 3.5 %
  GNP
10.1 % -2.4 % 3.9 % 5.2 % 4.3 % 2.7 %
  Disposable personal income
6.1 % 7.5 % 3.7 % 5 % 4.4 % 2.6 %
             





Annual U.S. GDP
(In Billions of Dollars)
2021

 
2020

 
2019

 
2018

 
2017

 
2016

 
Gross domestic product (GDP)
22,996.1 20,893.7 21,433.2 21,427.1 20,580.2 18,624.5
  Personal consumption expenditures
15,741.6 14,047.6 14,544.6 14,561.2 13,998.7 12,820.7
    Goods
5,481.4 4,653.8 4,512.2 4,505.3 4,364.8 4,121.4
     Durable goods
2,026.2 1,616.4 1,534.4 1,526.6 1,475.6 1,411.0
       Motor vehicles & parts
700.1 541.3 521.8 531.2 521.5 480.8
       Furniture & household equipment
469.7 390.4 357.4 353.7 341.2 325.2
       Other
279.2 208.5 221.7 224.1 218.3 385.5
               
     Nondurable goods
3,455.2 3,037.4 2,977.9 2,978.6 2,889.2 2,710.4
       Food off-premises consumption
1,234.8 1,146.7 1,025.7 1,032.4 1,003.4 915.1
       Clothing & shoes
468.7 362.4 403.5 398.9 391.5 393.7
       Gasoline, fuel, oil & other energy goods
359.4 246.8 335.4 338.0 349.6 273.7
       Other
1,392.3 1,281.5 1,213.3 1,209.3 1,144.6 1,126.1
               
    Services
10,260.1 9,393.7 10,032.4 10,055.9 9,633.9 8,699.3
      Housing
9,777.2 8,872.9 9,593.2 9,606.6 9,190.9 8,340.4
      Food services
1,027.0 801.5 999.5 1,019.2 973.3 849.2
      Electricity & gas
2,776.7 2,668.1 2,681.2 2,670.2 2,567.2 3,022.1
      Financial services
1,270.8 1,196.3 1,176.1 1,156.1 1,111.0 984.7
      Transportation
430.1 363.4 483.4 478.1 462.2 392.5
      Medical care
2,545.3 2,308.4 2,450.8 2,467.9 2,352.6 2,163.7
      Recreation
502.7 416.5 580.4 586.9 563.2 492.6
      Other
1,224.6 1,118.5 1,221.8 1,228.4 1,161.3 1,126.1
               
  Gross private domestic investment
4,120.0 3,637.8 3,751.2 3,744.2 3,628.3 3,057.2
    Fixed investment
4,139.8 3,697.4 3,702.1 3,675.9 3,573.6 3,022.1
      Nonresidential
3,053.7 2,799.6 2,895.0 2,878.4 2,786.9 2,316.3
      Structures
580.2 597.2 650.2 626.6 633.2 516.2
      Equipment & software
1,274.9 1,123.9 1,241.0 1,240.9 1,222.6 1,043.9
      Information processing equipment & software
471.9 413.9 397.2 412.7 408.6 303.9
      Computers & peripheral equipment
93.7 87.4 90.7 93.0 89.4 73.1
      Software
503.9 453.4 411.2 414.5 380.0 230.8
      Other
600.9 537.7 501.9 503.4 461.7 230.8
      Industrial equipment
287.6 241.7 260.9 252.5 245.9 225.0
      Transportation equipment
221.2 206.0 310.3 301.6 301.8 286.7
      Other equipment
294.3 262.3 272.5 274.1 266.3 228.3
      Residential
1,086.1 897.8 807.1 797.5 786.7 705.9
               
    Change in private inventories
-19.9 -59.6 49.1 68.3 54.7 35.1
      Farm
-5.4 -6.0 -14.5 -7.6 -7.8 -0.6
      Nonfarm
-14.4 -53.6 63.6 75.8 62.5 35.7
               
 Net exports of goods & services
-918.2 -651.2 -610.5 -631.7 -638.2 -521.2
    Exports
2,478.3 2,123.4 2,514.8 2,504.2 2,510.3 2,214.6
      Goods
1,740.5 1,416.6 1,636.7 1,643.8 1,661.3 1,446.0
      Services
737.8 706.8 878.0 860.4 848.9 768.5
               
    Imports
3,396.5 2,774.6 3,125.2 3,136.0 3,148.5 2,735.8
      Goods
2,850.4 2,309.2 2,525.6 2,530.1 2,570.6 2,224.2
      Services
546.1 465.4 599.6 605.9 577.9 511.6
               
 Govt. consumption exp. & investment
4,052.7 3,859.5 3,747.9 3,753.5 3,591.5 3,267.8
    Federal
1,565.0 1,501.8 1,419.2 1,423.5 1,347.3 1,231.5
      National defense
905.3 881.3 852.4 846.7 793.6 728.9
        Consumption expenditures
708.8 700.5 676.5 677.9 637.4 585.2
        Gross investment
196.4 180.9 175.9 168.8 156.2 143.7
      Nondefense
659.7 598.8 576.8 540.9 516.2 502.6
        Consumption expenditures
496.1 461.0 420.8 436.1 419.5 379.4
        Gross investment
163.6 159.5 146.0 140.6 134.2 123.3
    State and local
2,487.7 2,357.8 2,328.7 2,330.0 2,244.2 2,036.3
      Consumption expenditures
2,045.4 1,916.5 1,897.8 1,904.5 1,847.4 1,693.6
      Gross investment
442.3 441.2 431.0 425.4 396.8 342.7
               
Addenda:            
Final sales of domestic product
23,015.9 20,953.3 21,384.1 21,358.8 20,525.5 18,589.4
Gross domestic purchases
23,914.3 21,544.9 22,043.7 22,058.8 21,218.4 19,145.7
Final sales to domestic purchasers
23,934.1 21,604.5 21,994.6 21,990.6 21,163.7 19,110.6
Gross national product
23,248.5 21,116.1 21,702.9 21,723.2 20,848.1 15,842.8
Net domestic product
19,148.2 17,317.8 18,012.3 17,964.1 17,288.8 18,624.5




Source: Department of Commerce, BEA.gov


     
       
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